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Gilat reports higher revenues in Q3, lowers FY guidance on delayed orders

Wednesday 20 November 2019 | 09:07 CET | News
Gilat Satellite Networks said revenues for the third quarter rose to USD 63.4 million from 59.7 million the year before and that the operating profit rose over 17 percent to USD 7.0 million. The net profit meanwhile slipped over 27 percent to USD 6.3 million or USD 0.11 per share, due to a one-off tax benefit last year of USD 4.1 million. The adjusted EBITDA advanced 10.6 percent to USD 10.1 million.

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Categories: Broadcast & Satellite / Broadcast & Satellite
Companies: Gilat Satellite Networks
Countries: World
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